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Question
Who was the main exponent of the theory of "Drain of Wealth"?
Who was the main exponent of the theory of "Drain of Wealth"?
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Solution
The correct option is B Dadabhai Naoroji
Dadabhai Naoroji’s mentioned the concept of drain of wealth from India during British rule in his book Poverty and Un-British Rule in India. He made an estimate of drain which was around Rs 8 million. He observed that the drain consists of the remittances by European Officials, their expenditure in England, pensions and salaries paid in England, etc.
Dadabhai Naoroji’s mentioned the concept of drain of wealth from India during British rule in his book Poverty and Un-British Rule in India. He made an estimate of drain which was around Rs 8 million. He observed that the drain consists of the remittances by European Officials, their expenditure in England, pensions and salaries paid in England, etc.
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